Donald Stanfield
Well-Known Member
That's an understandable position in an uncertain market. It's not just budgeting correctly it's worrying about backlash from a down economy that seems almost inevitable at this point in time. The definition of "what you can afford" is certainly fungible and there is no correct way to allocate funds. Unless your income and savings is at a point where you can absorb an 80K dollar loss, which almost no one's is, that credit can make a huge difference.You’re spot on for many. In reality there’s more thee to unpack for my situation… my wife is very frugal and is generally stressed out these days. The outlay would cause her to crack even though we can do it. Also, it really is a challenge to flip a vehicle that the bank owns — worlds different if you own it outright where you have a title to sell. Another relationship strain for my frivolous purchase!
That all said it’s why I’ve been crunchy about being “schooled” on budgeting in earlier posts. My situation financially and what my wife can handle stress wise are all factored in for me, thus the need for the $7500 credit to make this purchase work!
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